The adjusted trial balance of Blossom Company at December 31, 2020, includes the following accounts: Owner's Capital $17,700, Owner's Drawings $7,700, Service Revenue $37,100, Salaries and Wages Expense $16,800, Insurance Expense $1,600, Rent Expense $4,000, Supplies Expense $1,700, and Depreciation Expense $2,000. Prepare an income statement for the year. BLOSSOM COMPANY Income Statement $ At the end of its first year, the trial balance of Sunland Company shows Equipment $34,400 and zero balances in Accumulated Depreciation-Equipment and Depreciation Expense. Depreciation for the year is estimated to be $3,730. Prepare the adjusting entry for depreciation at December 31. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Debit Credit Date Account Titles and Explanation Dec. 31 Post the adjustments to T-accounts. Depreciation Expense Accumulated Depreciation Equipment Indicate the balance sheet presentation of the equipment at December 31. Sunland Company Balance Sheet (Partial) $ $ The bookkeeper for Wildhorse Company asks you to prepare the following accrued adjusting entries at December 31. 1. 2. 3. Interest on notes payable of $500 is accrued. Services performed but not recorded total $2.000. Salaries earned by employees of $650 have not been recorded. Use the following account titles: Service Revenue, Accounts Receivable, Interest Expense, Interest Payable, Salaries and Wages Expense, and Salaries and Wages Payable. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Debit Credit No. Date Account Titles and Explanation Dec. 1. 31 2. Dec. 31 3. Dec. 31